Even Sound oil's market cap is now approaching Chariot's with sound having zippo cash. Something has to 'give' at some point. Meanwhile lots of oilers having parties and we are all wearing beige and moping around waiting for that elusive stream of RNS's with a load of cash in the chariot bank account and acreage all over ...worth £ but valued at Zero by the market
Well 2013 no drilling and possibly 2014 no drilling? The management have done a good job expanding the portfolio but we desperately need some free carry farm outs and firm drilling plans to get the SP moving. As you say it's a hold & add but there has to come a point where enough is enough and shareholders need to be rewarded for their patience with the company (hopefully).
In today's Rigzone, Mulunga claiming he still believes the Repsol block contains oil??
"It’s a tremendous risk they are taking and one that raises hope for us,” Petroleum Commissioner Immanuel Mulunga told Bloomberg, referring to Repsol’s activity offshore Namibia. “It’s a risk worth undertaking as we believe this block has oil.”
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